Sellbyville, DE -- (SBWire) -- 05/21/2019 --Global Market Insights recently introduced new report on global Nanocellulose market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Nanocellulose industry considering all the major industry trends, market dynamics and competitive scenario.
Proliferation of the Asia Pacific food & beverage industry will be a major growth enabler for the nanocellulose market as the product has been witnessing increased usage as a food packaging material. Nanocellulose is also used as suspension stabilizer, flavor carrier, and as a thickener in processed food items.
Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2423
The high growth in the Asia Pacific food & beverage industry can be attributed to increasing income levels, changing lifestyle trends, and rising popularity of processed and easy-to-eat food products among the region's population. The Asia Pacific food & beverage industry recorded a turnover of more than USD 3 trillion in 2016 with an expected year-on-year growth of around 11% in the coming years. This high growth is likely to increase nanocellulose demand in the region as a non-toxic, eco-friendly, and low-cost substitute to other petrochemical based packaging materials.
The Chinese food & beverage industry has been growing with an average yearly growth rate of 30% between 2009 to 2014. With a turnover of more than USD 440 billion in 2015, it is the second-fastest growing food & beverage industry in the Asia Pacific region and the largest food service industry in the world. This large food & beverage industry and fast growth rate is likely to transform the country into a key nanocellulose market across the globe.
Nanocrystalline cellulose is an important product segment with a revenue exceeding USD 30 billion in 2016. The growth of this segment's market will be augmented by its eco-friendly and renewable nature. The high chemical reactivity of the surface of nanocrystalline cellulose makes it ideal for various applications. Their high heat stability also allows its usage in high temperature applications. Bacterial nanocellulose segment is likely to witness the highest CAGR of more than 40% during the forecast timeframe and its market will be close to USD 30 million in 2024.
Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/2423
Paper processing, personal care, composites, paints & coatings, oil & gas, and food & beverages are the major application segments in the global nanocellulose market. Among these food & beverage is a key application segment which will generate revenues close to USD 100 million in 2024. Increasing demand for environment friendly and sustainable packaging materials from the fast-evolving food & beverage industry along with the products usage as a stabilizer, thickener, and flavor carrier in processed food items will lead to a fast growth rate for this application segment during the forecast period.
India, with a food & beverage service market of more than USD 30 billion in 2016, will also be an important nanocellulose market. Other Asia Pacific countries such as Japan, South Korea, Indonesia, etc. has also been witnessing steady gains in their food & beverage sectors and is likely to drive demand for nanocellulose materials in coming years.
The Nanocellulose market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Nanocellulose market based on product, technology, end user and region.
Browse Report Summery @
https://www.gminsights.com/industry-analysis/nanocellulose-market
Some of the major players in the nanocellulose market include Melodea Ltd., Nippon Paper Group, Kruger, Daicel FineChem, Innventia, Sappi, American Process Inc., Asahi Kasei Corporation, Stora Enso, CelluComp Ltd., and others.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Nanocellulose Market Opportunity Analysis & Industry Forecast over 2019–2024, Key Players: Sappi, Stora Enso, CelluComp Ltd.